The US IRS is under fire as DeFi Education Fund launches a lawsuit challenging its controversial DeFi broker tax rules, citing threats to innovation and heavy compliance burdens on developers. DeFi Tax Rules Face Lawsuit for Alleged APA Violations New tax regulations that target the DeFi protocol are allegedly in violation of the Administrative Procedure Act (APA), according to the lawsuit filed by the DeFi Education Fund.

Crypto venture capital funding is projected to reach $18 billion in 2025, due to strong market fundamentals and favorable regulations. Investments will focus on Bitcoin Layer 2 solutions, blockchain infrastructure, AI blockchain, DeFi, Web3, privacy, and tokenization.

The initiative included proactive outreach, with over 30,000 phone calls made and 15,000 alerts issued daily to warn about scams.

The United States Treasury Department and the Internal Revenue Service (IRS) received more than 44,000 comments after proposing the rule.

Michael Saylor, the influential CEO of MicroStrategy, has recently shared a groundbreaking vision for the future of the cryptocurrency market, proposing a staggering $280 trillion market capitalization. This ambitious prediction comes as part of a broader proposal aimed at transforming the U.S. into the global leader in digital assets, with Bitcoin at the center of the financial revolution.

Crypto industry advocacy group, the DeFi Education Fund has filed a lawsuit against the US IRS barely 24 hours after it released its controversial tax framework. Despite claims that the agency finalized the regulation months ago, the DeFi Education Fund tagged it a “midnight” rulemaking.

From AI wearables to gaming handhelds, smartphones, and humanoid robots, these crypto and AI devices grabbed our attention in 2024.

Crypto stakeholders are protesting as the U.S. Department of the Treasury and the Internal Revenue Service (IRS) finalize new reporting rules for decentralized finance (DeFi) brokers.

AI-themed meme coins emerged as a popular trend in 2024.

Price trends of the memecoins lined up well with the monthly active addresses on Solana's network.

The controversial rule would go into effect in 2027 and require some DeFi front-ends to collect personal information and trading history from users.

Banks across the United States and Europe are ramping up efforts to issue stablecoins, fueled by evolving regulatory clarity and market demand. The introduction of the EU's Markets in Crypto-Assets Regulation (MiCA) and growing global interest in blockchain-based payment solutions have prompted traditional financial institutions to compete with established crypto firms like Tether Holdings.

Despite skepticism around the NFT sector due to declining hype, 2024's performance stands as the third-highest annual revenue on record.

As Bitcoin reaches record highs, the concept of tokenization—creating digital representations of real-world assets on blockchains—is once again capturing attention in financial and cryptocurrency circles. Long touted as a transformative technology, tokenization has seen both promises of revolutionizing traditional asset markets and periods of slow progress.

AI tokens have seen a nearly 30% decline in market capitalization, despite expectations of a pro-altcoin rally in 2025.

Livestreaming for Pump.fun meme coins was a trend this year that got way out of hand. Here are seven of the worst examples.

The Blockchain Association, DeFi Education Fund, and Texas Blockchain Council jointly filed the legal challenge in the U.S. District Court for the Northern District of Texas.

SlowMist has uncovered a scheme where fake meeting links have led to devastating cryptocurrency thefts.

The NFT market has seen a major downturn as Bitcoin declined 4% over the past week to $94,000 and Ethereum retreated to $3,300.

This past week, the crypto market has seen massive volatility, while traders follow Michael Saylor's advice to take a break.

Weekly investments totaled nearly $120 million. Here's a look at the other notable investments closing out 2024.

There was a good level of optimism in the crypto market heading into the past week, with many investors speculating on a potential “Xmas Rally” for Bitcoin. While the premier cryptocurrency did make a play for the $100,000 mark on Christmas day, it didn't take long for the bears to resume control.

The lawsuit alleges that the IRS' latest rulemaking exceeds the agencies' statutory authority and violates the Administrative Procedure Act.

Economies in Asia and the Middle East are stepping up with tailored rules for digital assets, underscoring crypto's emergence as a truly multipolar industry.

The crypto industry witnessed historic milestones in 2024, from MiCA regulations in Europe to Bitcoin adoption in Latin America and the US eyeing a strategic Bitcoin reserve.

A cryptocurrency analyst and trader is highlighting one large-cap altcoin that he says appears massively bullish. In a new video, the analyst pseudonymously known as Credible Crypto tells his 65,700 YouTube subscribers that payments-focused digital asset XRP has one of the most bullish market structures in crypto based on the charts.

As the market approaches the end of 2024, the crypto landscape is teeming with speculation and anticipation. A recent report from the data aggregator CoinGecko has provided a comprehensive analysis of what investors can expect in 2025.

The Blockchain Association has filed a lawsuit against the Internal Revenue Service (IRS) over its new regulations for the decentralized finance (DeFi) sector. The group is fighting against new IRS laws that will classify some protocols in the DeFi sector as brokers.

A new phishing scam is targeting Pudgy Penguins NFT holders, raising concerns over crypto security. The scam uses deceptive Google ads to redirect users to fake websites, stealing crypto wallet credentials.

The declining trading volume could actually benefit the market in the following days.

Bitcoin's price explosion this year has Wall Street scrambling like never before. The big banks, who once rolled their eyes at crypto and left it to the small fry, are now elbowing their way into the market.

Three prominent pro-crypto groups — the Blockchain Association, DeFi Education Fund, and the Texas Blockchain Council — have initiated legal action against the US Internal Revenue Service (IRS).

A crypto whale has achieved a remarkable $5.66M profit in just two weeks by investing in the ai16z (AI16Z) token. The token surged 33% in the last 24 hours, showing strong momentum.

A South Korean court has sentenced a celebrity golfer and the former CEO of Bithumb, a major crypto exchange, to prison for their roles in a bribery and market manipulation scheme.

Julia Zanatta, a Brazilian congresswoman, has raised concerns about the effects of implementing drex, the Brazilian CBDC, on the lives of citizens. Zanatta emphasized that drex, if not properly implemented, might lead to the prohibition of physical money and proposed a ballot for its final implementation.

AI cryptocurrencies have dropped nearly 30% in value, but analysts forecast a potential recovery during the 2025 altcoin season.

In 2024, Kyrgyzstan experienced a sharp drop in tax revenue from cryptocurrency mining, despite the global rise in crypto valuations. The nation, known for its abundant hydroelectric resources, saw tax receipts from crypto mining fall by 50% compared to the previous year.

Recently, the U.S. Internal Revenue Service (IRS) has announced new regulations that classify certain decentralized finance (DeFi) protocols as brokers. This move requires these protocols to disclose Know Your Customer (KYC) information for digital asset transactions.

A recent report warned about a new sophisticated phishing scam targeting unsuspected crypto users. The scheme involves fake Zoom meeting links to trick investors into downloading malicious software to steal their assets.

In a significant development for the cryptocurrency landscape, the US Internal Revenue Service (IRS) has finalized regulations that will require decentralized finance (DeFi) brokers to report gross proceeds from digital asset transactions.

OKX Ventures has released its 2024 report, highlighting investments in over 60 projects and predicting 14 key trends shaping the blockchain industry's future.

The crypto world stays to be the area of new discoveries on one hand, and hackers on the other. The major happenings for the current week were the creativity of hackers in hacking and the weak spots still existing in the ecosystem. Below, is a close-up view of the hacker attacks this week.

The U.S. Internal Revenue Service (IRS) has introduced a new tax rule that will affect decentralized finance (DeFi) brokers. Starting in 2027, DeFi platforms will have to collect user trading information, issue tax forms, and provide customer details like names and addresses. This rule is meant to make digital asset taxes similar to traditional ones.

The U.S. Internal Revenue Service (IRS) has reaffirmed its stance on the immediate taxability of staking rewards, doubling down on a position assumed in 2023 as part of internal guidelines.

The year saw a major rally for cryptocurrencies with the arrival of Bitcoin ETFs in January, the halving, and Trump's reelection. But it was an even bigger year for many of the top 100 crypto altcoins.

A South Korean court has jailed a celebrity pro golfer and the former head of the crypto exchange Bithumb for bribery and attempting to manipulate altcoin price levels. The post S Korean Court Jails Pro Golfer, Ex-Crypto Exchange Chief for Altcoin Price Manipulation appeared first on Cryptonews.

The Internal Revenue Service finalized regulations requiring DeFi brokers to report gross proceeds from digital asset transactions on Form 1099, starting January 1, 2027.